followreportDappRadar’s noted that the NFT market had an impressive start to the year, with Q1 2023 turning out to be the best quarter since Q2 2022, while NFT trading volume was slightly down 15.65% in March as a result. from turbulent market conditions But the overall performance is still positive.
Full Q1 NFT trading volume increased 137% to a total of $4.7 billion. February’s numbers were boosted by the Blur token farming session, while NFT sales for the following month were only down 4.63% in March, with 2.7 million NFTs sold.
Ethereum remains the dominant player in the NFT market, accounting for nearly 90% of March’s market share. Quarterly trading volume also increased by more than 245% to $4.1 billion in Q1 2023 compared to Q4 2022.
Followed by Solana, whose trading volume was $242 million since last quarter, up 4.55%.
Polygon also had a great start to the year. Trading volume surpassed $29 million in March, albeit down 24.20% from the previous month. Additionally, based on quarterly metrics, Polygon posted $85 million in trading volume in Q1 2023, a 125.04% increase from the quarter. before This makes it one of the good three months since Q4 2021.
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